A claim has come that the Official Cash Rate increase will continue to hit pockets and stretch incomes

The Reserve Bank has shocked many by hiking the OCR 50 basis points to 5.25 percent.

Council of Trade Unions economist Craig Renney would like to see increases paused, so people can get used to it.

He told Tim Dower lots of people are facing multiple economic strains at once.

Renney says many are facing increasing mortgages on top of existing cost of living concerns.

LISTEN ABOVE

A claim has come that the Official Cash Rate increase will continue to hit pockets and stretch incomes
The Reserve Bank has shocked many by hiking the OCR 50 basis points to 5.25 percent.
Council of Trade Unions economist Craig Renney would like to see increases paused, so people can get used to it.
He told Tim Dower lots of people are facing multiple economic strains at once.
Renney says many are facing increasing mortgages on top of existing cost of living concerns.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.